Flexible Loan

Available in branch to existing Lloyds Customers. A summary of our Flexible Loan features is outlined below.

Features and benefits

You could receive a rate as low as 4.6% APR RepresentativeCloseAPRAPR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers. We will tell you the APR for your loan or credit card before you sign an agreement.if you borrow £7,500 – £25,000 over one to five years

Wide range of borrowing options: choose to borrow £1,000 – £50,000 over one to seven years

You have flexible repayment options, so you can make additional payments whenever you want, and pay off your loan early with no charge

Depending on whether you apply in branch or over the phone you could have the money in your account the same day

Get a personalised quote with no credit footprintCloseCredit footprintYour history with credit is summarised into your credit rating. Having a long history of paying your loans, bills and credit cards on time means you’ll have a high credit rating. Missing payments or defaulting on loans, borrowing and bills results in a lower score. When you apply for a loan or credit card, the financial institution will look at your credit rating to see how risky the deal would be for them. They use this information to help decide whether to offer you credit, and if so, what kind of interest rate and terms you'll receive.

Keep in mind

Our loans are available online to Lloyds Bank current account holders who've had their account for at least one month

How much we lend and the rate available are subject to our assessment of your circumstances

There's no early settlement adjustmentCloseEarly settlement adjustmentYou can fully or partly repay your loan at any time during the repayment period. If you choose to settle your loan before it’s completed its full term some of our loans may charge an early settlement adjustment. If you’ve taken out a Flexible Loan you agree to repay the capital plus the interest as it accrues. If you pay off your loan in full before the end of the agreed term, we’ll calculate what you owe us at the time which will include capital plus interest accrued but no additional charge. If you’ve taken out any of our other loans including the Personal Loan, the amount you agree to repay include the interest that is charged to the end of the loan term. If you make an early settlement we’ll reduce the charge for credit you have agreed to pay us which means you don’t have to pay all the interest. This reduction may be adjusted by up to 58 days’ interest – this is the early settlement adjustment. on the Flexible Loan, but there is on other loans including the Personal Loan

Repayment holidays are available if you meet certain conditions. Interest will be charged if you take a repayment holiday, so you'll pay more interest overall and your original term will be extended

If you're looking to borrow money, it's important that you make the right choice for your circumstances. Other borrowing options may be suitable for your needs

If you miss a monthly repayment, your loan will be transferred to our Collections department and we will charge you £25. If you continue to break the agreement you may be subject to further charges.

Surprises come in all shapes and sizes. From an unexpected expense to a new opportunity, there are times when you might need quick access to funds. Our Flexible Loan could help you get the money you need, when you need it most.